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IP transit seems to be a declining business as content moves towards customers. See "The death of transit?":

https://blog.apnic.net/2016/10/28/the-death-of-transit/



Not really, because mobile data roaming is growing, and in most cases it doesn't use local breakout. VoIP is growing in the volume (but almost not growing in $). That data has to be moved over backbones. Messengers are growing - again backbone traffic. In fact Tier-1 traffic grows. Revenues - not so much, price per megabit is in constant fall.




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